- Sunday, April 27, 2025
By: Shubham Ghosh
US treasury secretary Janet Yellen on Saturday (25) held a meeting with the chief of various Indian information technology (IT) companies like Infosys Technologies Limited Nandan Nilekani, Wipro’s head Nishad Premji and others in Bengaluru, the IT capital of India.
Yellen, who arrived in India for the G20 finance ministers’ meet, had addressed the roundtable with US and Indian tech business leaders on the sidelines of the G20 finance ministers and central bank governors’ meeting in the southern Indian city.
Yellen, in the roundtable meeting, said that under the Partnership for Global Infrastructure and investment (PGII), the US announced investments in agri-tech to enable climate-smart agricultural production, and in digital payments systems for microentrepreneurs.
Yellen said going forward, “I am eager to deepen our ties in the technology sector.” She said the US was advancing an approach called “friendshoring” to bolster the resilience of its supply chains.
The treasury secretary said, “We are doing this by strengthening integration with our many trusted trading partners — including India. We are seeing progress; as an example; technology companies like Apple and Google have expanded their phone production in India.”
Yellen said through the PGII, the US is investing in digital technologies that will drive inclusive and resilient growth in India.
The treasury secretary said one of the most rewarding parts of her job is meeting with innovators, entrepreneurs and business leaders across the globe and this is especially true in India, which has one of the most dynamic economies in the world.
(ANI)
